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UPDATE: Jefferies Downgrades Informatica; Lowers PT

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UPDATE: Credit Suisse Downgrades Informatica

According to a research report published Friday morning, Jefferies downgraded Informatica (NASDAQ: INFA) from Buy to Hold, and lowered PT from $54 to $36.

In the report, Jefferies said, "A combination of macro uncertainty and execution led to INFA's 2Q miss, which will derail the timeframe for license growth reacceleration. We don't believe this is a product strategy / structural issue but softening demand and a sales team transition will reset estimates and leave few near term catalysts to help support the stock. As such, we are downgrading INFA to Hold with a $36 price target."

Informatica closed Thursday at $43.37.

Posted-In: JefferiesAnalyst Color Downgrades Price Target Analyst Ratings

 

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